Posted 10/11/2023, 3:52:54 AM
Stocks Rise in Asia on Stimulus Hopes and Earnings; Fed Signals Slower Rate Hikes
- Asia stocks rise on stimulus hopes in China and earnings in South Korea. MSCI index up for 4th day.
- Fed officials strike dovish tone on rate hikes. Bostic says may not need more hikes. Bond yields retreat.
- Bloomberg reports China prepping stimulus to aid economy. Hong Kong stocks jump.
- Oil prices steady after Monday's bounce on Middle East tensions. Europe gas leaps on pipe sabotage.
- Earnings Samsung gains on profit beat. Qantas jumps as chairman to resign. Pepsi starts season on strong note.